Indian Center Housing Corporation

Analysis

Indian Center Housing Corporation is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Indian Center Housing Corporation reported income of $501k and spending of $460k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $460k to $501k (+8.9%), an average of +2.2% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Indian Center Housing Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within NE. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($501k), Ohio Conference a M E Housing ($501k) and Sanctified Hope Inc ($501k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. Other salaries and wages came to $51k. At year end it held assets of $857k against liabilities of $1.8m, net assets of -$903k.